NO RESERVE FARMHOUSE ON 7 ACRES ONLINE AUCTION

BIDDING BEGINS: THURSDAY, MAY 14 @ 2PM
BIDDING ENDS: THURSDAY, MAY 21 @ 2PM

3680 HIGHWAY 150 NE, PALMYRA, IN 47164

Selling online absolute to the highest bidder for the Ovada Habermel Estate a classic farmhouse and old barn on 7-acres with large pond affectionately known as “The Ponderosa 7”. Located just east of Palmyra in Harrison County, Indiana just 12 miles west of I-64 Greenville Exit. 

REAL ESTATE    

A picturesque, wooded, and private 7-acre site with a circa 1900’s classic two-story farmhouse with addition and an old barn, family-owned since 1963. Surrounded by large trees, this fixer-upper home features a large covered front porch, 3/4 bedrooms, 1 1/2 baths, built-in corner cabinets, stone fireplace, sunroom, and a small utility basement. 

The first floor has 2200 square feet and includes a living-dining room, eat-in kitchen, bedroom/office with built-in bookcase and full bath, 22’ x 18’ family room with limestone fireplace, 1/2 bath, and a large 22’ x 22’ sunroom.  The upper level has approximately 808 square feet and includes two bedrooms with an open family space which could be used as a third bedroom. The home and grounds are in need of renovation and clean up - selling in as-found condition. Woodstove in the sunroom does not remain. HVAC systems currently in non-working order. 

The property includes a 34’ x 26’ detached garage, a 27’ x 32’ barn, and an old shed, and a large pond. The level site has 229’ frontage on Hwy. 150 and is located just east of the 147-acre Buffalo Trace Park in Palmyra. 

PROPERTY HIGHLIGHTS

• Located just East of Palmyra 

• 7 Acres & Large Pond 

• 3008 SF 2-Story Farmhouse 

• 3/4 Bedrooms - 1 1/2 Baths 

• Detached Two-Car Garage

• 27’ x 32’ Barn 

• In Need of Renovation

• North Harrison Community Schools 

• 5 Minutes to Buffalo Trace Park 

• 20 Miles West of Louisville, KY 

UTILITIES 

Duke Energy 

Well Water (Palmyra Water Available At Street) 

LP Gas (Tank Leased)

REAL ESTATE TAXES 2019/2020

Morgan Township $1,688.96

EXEMPTIONS

None 

NORTH HARRISON COMMUNITY SCHOOL CORPORATION

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BUYERS PREMIUM

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

REAL ESTATE TERMS

10% Non-refundable down payment in the form of cash, check or wired funds is due within 24 hours following the auction, balance due in 40 days. Taxes prorated to the day of closing. Possession at closing. Selling as is without buyer’s contingencies, all inspections welcomed prior to the auction. 

INSPECTION

Contact us for an appointment. Video tours available upon request. Harritt Group will follow social distancing and face mask recommendations.

DIRECTIONS 

I-64 to Greenville Hwy. 150 Exit#119. Northwest 12 miles to property on right. Or from IN-135 in Palmyra travel west 3 miles on Hwy. 150 to property on left. 

SELLER 

Ovada Habermel Estate